Retail Storefront
321 Millburn Ave Millburn, NJ 07041
For Sale
Contact for pricing
Retail property offered for sale with a reported 7.00% cap rate.
Property Size14,626 SF
Price / SF$317.44
Days on Market53
Property Features for 321 Millburn Ave
General Information
- Standard status
- Active
- Size
- 14,626 SF
- Property subtype
- Retail, Mixed Use
Listing Agency:
Jeffery Realty
Listed By:
Bruce Jeffery · License #NJ 8336589
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 22 at 5:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeffery Realty
Investment Insights
Based on property information with market context.
This for-sale retail property is offered as a storefront-style investment totaling 14,626 square feet. The listing presents it as a retail asset well-suited for buyers seeking an income-oriented commercial property.
The property is located at 321 Millburn Ave in Millburn, NJ. No additional details on the tenant roster, unit configuration, or specific building features were provided in the information available.
Given the stated 7.00% cap rate and the retail storefront use, the asset may appeal to investors and owner-occupiers evaluating income characteristics as part of their acquisition criteria. Interested parties should confirm all operating details, including current occupancy, lease terms, and any property-level expenses, during their due diligence.
The property is located at 321 Millburn Ave in Millburn, NJ. No additional details on the tenant roster, unit configuration, or specific building features were provided in the information available.
Given the stated 7.00% cap rate and the retail storefront use, the asset may appeal to investors and owner-occupiers evaluating income characteristics as part of their acquisition criteria. Interested parties should confirm all operating details, including current occupancy, lease terms, and any property-level expenses, during their due diligence.
Key Highlights
- Retail property offered for sale with a reported 7.00% cap rate
- 14,626 SF retail building
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $315.9k | $21.60 |
| − Vacancy | −$17.7k | −$1.21 |
| EGI | $298.2k | $20.39 |
| − OpEx | −$89.5k | −$6.12 |
| NOI | $208.8k | $14.27 |
14,626 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.98M
$2.61M – $3.48M
NOI $208,761 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.82M
$3.34M – $4.46M
NOI $267,340 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Braid Hive Studio
Hair Salon
Indigo Design Architecture
Architect
ARkITEkTURA Consulting LLC
Architectural Designer
iFix PC's
Computer & Electronic Repair
Jordan Elyse Photography
Photography Service
Similar Off Market Nearby
- Party Artistry Inc — 27 Bleeker St, Millburn, NJ 07041
FAQs
What type of property is this?
Storefront property - Retail property offered for sale with a reported 7.00% cap rate.
Where is this storefront property located?
The property is located at 321 Millburn Ave Millburn, NJ.
What is the asking price?
The asking price for this property is $4,642,857.
What are key features of this property?
This property features: Retail property offered for sale with a reported 7.00% cap rate; 14,626 SF retail building
